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2 star

HDFC Overnight Fund


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.52 0.01 0.06 0.24 0.74 1.44 3.72 5.21 5.63 6.28 6.73
CCIL T Bill Liquidity Weight 2.58 0.06 0.12 0.22 0.59 1.51 3.45 3.98 4.16 4.64 4.77
Debt: Overnight 2.58 0.01 0.06 0.25 0.75 1.48 3.79 5.07 5.54 6.28 6.95
Rank within category 22 30 27 25 24 23 20 2 2 2 3
Number of funds in category 28 30 30 30 30 30 25 3 3 3 3

As on 01-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
HDFC Overnight Fund  | Invest Online
2 star
Feb-02 3.72 5.21 5.63 0.20 11,844
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.84 4.93 5.91 0.11 7,030
Axis Overnight Fund - Regular Plan  | Invest Online
4 star
Mar-19 3.84 -- -- 0.10 4,032
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.83 -- -- 0.19 3,980
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.95 -- -- 0.15 2,082

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.34 (26-Mar-2007 - 02-Apr-2007) 0.01 (26-Jul-2007 - 02-Aug-2007)
Month 1.04 (16-Mar-2007 - 17-Apr-2007) 0.05 (03-Jul-2007 - 02-Aug-2007)
Quarter 2.38 (25-Feb-2007 - 27-May-2007) 0.60 (17-May-2009 - 16-Aug-2009)
Year 8.67 (26-Jul-2013 - 27-Jul-2014) 3.01 (11-May-2009 - 11-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.10 0.34 0.11 0.14 0.40 0.50
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Overnight 4.93 0.36 -0.41 -0.61 0.43 0.37
Rank within category 2 2 2 2 2 2
Number of funds in category 4 4 4 4 4 4

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.00 0.01 0.00 --
Average Maturity (yrs) 0.00 0.01 0.00 --
Yield to Maturity (%) 3.02 5.40 0.95 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Aug-2020

Fund Manager

— Anil Bamboli since 25-Jul-2012

Education: Mr. Bamboli is a CFA from Association for Investment Management and Research, U.S.A, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.

Experience: Prior to joining HDFC AMC he has worked with SBI Fund Management for 11 years.

Funds Managed:


0.01%

Change from previous, NAV as on 01-Oct-2020

Growth: ₹ 2,997.4103

Dividend Daily: ₹ 1,042.6600


Investment Strategy

The scheme seeks to generate returns by investing in debt and money market instruments with overnight maturity.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) --
Minimum No of Cheques --
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: HDFC Mutual Fund
Launch Date: 06-Feb-2002
Return Since Launch: 6.06%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 11,844 Cr (As on 31-Aug-2020)
Expense: 0.20% (As on 31-Aug-2020)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily29-Sep-20200.0872

 28-Sep-20200.0887
 27-Sep-20200.0877
 25-Sep-20200.1743
 24-Sep-20200.0785
 23-Sep-20200.0873
 22-Sep-20200.0870
 21-Sep-20200.0867
 20-Sep-20200.0872
 18-Sep-20200.1744
 17-Sep-20200.0818
 16-Sep-20200.0873
 15-Sep-20200.0874
 14-Sep-20200.0870
 13-Sep-20200.0863
 11-Sep-20200.1725
 10-Sep-20200.0838
 09-Sep-20200.0862
 08-Sep-20200.0859
 07-Sep-20200.0824
 06-Sep-20200.0842
 04-Sep-20200.1615
 03-Sep-20200.0772
 02-Sep-20200.0803
 01-Sep-20200.0801

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 022-22821144

Website: http://www.hdfcfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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